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What is tr e p r?

tr e p r stands for Report of Foreign Bank and Financial Accounts (FBAR), it is a report required by the U.S. Treasury Department to report foreign financial accounts.

Who is required to file tr e p r?

Any U.S. person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year is required to file FBAR.

How to fill out tr e p r?

FBAR can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website by providing information about each foreign financial account held during the year.

What is the purpose of tr e p r?

The purpose of FBAR is to combat tax evasion and money laundering by providing the U.S. government with information about foreign financial accounts held by U.S. persons.

What information must be reported on tr e p r?

Information such as the maximum value of each foreign financial account during the year, the account number, the name on the account, and the financial institution where the account is held must be reported on FBAR.

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